Evaluating the Potential of Alternative Cryptocurrency: An Empirical Analysis

Publication Type

Book Chapter

Publication Date

2015

Abstract

Since the creation of Bitcoin in 2009, many alternative cryptocurrencies (altcoins) have been created that claim to be the currency of the future. There are now over 440 active altcoins in the market and new ones are being created each day. With every altcoin claiming to offer distinctive features, it is becoming increasingly difficult for investors to evaluate the potential of each altcoin. This chapter explores the various types of altcoins in the market and methods to evaluate their mid-term potential. The chapter will discuss a practical approach to rank the altcoins based on social network data and discuss the results from traditional econometric techniques to study the behavior of Bitcoin and altcoins.

Keywords

Bitcoin, Altcoin, Altcoins, Cryptocurrency, Cryptocurrencies, Alternative cryptocurrencies, CoinGecko, Coinmarketcap, Trading

Discipline

Business | E-Commerce

Research Areas

Quantitative Finance

Publication

Handbook of Digital Currency: Bitcoin, Innovation, Financial Instruments, and Big Data

Editor

Lee, David K. C.

First Page

81

Last Page

135

ISBN

9780128021170

Identifier

10.1016/B978-0-12-802117-0.00005-9

Publisher

Elsevier Academic Press

City or Country

Amsterdam

Additional URL

https://doi.org/10.1016/B978-0-12-802117-0.00005-9

Link to Full Text

Share

COinS